Nextdoor (NYSE:KIND) Raised to "Hold" at B. Riley

Nextdoor (NYSE:KIND - Get Free Report) was upgraded by research analysts at B. Riley to a "hold" rating in a report released on Tuesday, Marketbeat Ratings reports. B. Riley also issued estimates for Nextdoor's Q2 2025 earnings at ($0.07) EPS, Q3 2025 earnings at ($0.05) EPS, Q4 2025 earnings at ($0.04) EPS, FY2025 earnings at ($0.21) EPS, Q1 2026 earnings at ($0.05) EPS, Q2 2026 earnings at ($0.05) EPS, Q3 2026 earnings at ($0.03) EPS, Q4 2026 earnings at ($0.02) EPS, FY2026 earnings at ($0.15) EPS, FY2027 earnings at ($0.11) EPS, FY2028 earnings at ($0.07) EPS and FY2029 earnings at ($0.04) EPS.

A number of other equities analysts also recently issued reports on KIND. The Goldman Sachs Group lowered their price target on Nextdoor from $2.50 to $1.75 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Morgan Stanley downgraded Nextdoor from an "equal weight" rating to an "underweight" rating and set a $1.10 price target on the stock. in a research report on Tuesday, May 13th.

Nextdoor Trading Up 0.9%

Shares of KIND stock traded up $0.02 during mid-day trading on Tuesday, reaching $1.60. The stock had a trading volume of 6,632,291 shares, compared to its average volume of 1,790,918. The business's fifty day moving average is $1.52 and its 200-day moving average is $1.92. The firm has a market cap of $610.23 million, a price-to-earnings ratio of -6.65 and a beta of 1.16. Nextdoor has a 1-year low of $1.32 and a 1-year high of $3.00.

Nextdoor (NYSE:KIND - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. Nextdoor had a negative return on equity of 15.75% and a negative net margin of 36.95%. The business had revenue of $54.18 million for the quarter, compared to analyst estimates of $53.14 million. On average, analysts forecast that Nextdoor will post -0.22 earnings per share for the current year.

Hedge Funds Weigh In On Nextdoor

Several hedge funds and other institutional investors have recently made changes to their positions in KIND. AXQ Capital LP purchased a new position in shares of Nextdoor in the fourth quarter valued at approximately $25,000. Tower Research Capital LLC TRC lifted its position in shares of Nextdoor by 77.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company's stock valued at $25,000 after acquiring an additional 4,514 shares in the last quarter. SVB Wealth LLC purchased a new position in shares of Nextdoor in the fourth quarter valued at approximately $27,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Nextdoor in the fourth quarter valued at approximately $27,000. Finally, US Bancorp DE purchased a new position in shares of Nextdoor in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 35.66% of the company's stock.

Nextdoor Company Profile

Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.